Rubrik, Inc. (NYSE:RBRK) CRO Sells $1,091,125.00 in Stock

Key Points

• Rubrik, Inc.'s CRO, Brian K. Mccarthy, sold 12,500 shares of the company's stock for $1,091,125, decreasing his total ownership to 418,552 shares valued at approximately $36.5 million.
• The company's stock price rose 5.7% to $92.67, with a market capitalization of $17.93 billion and a recent revenue bump of 48.7% year-over-year.
• Analysts have mixed reviews on Rubrik, with target price adjustments ranging from $72.00 to $125.00, and an overall average rating of "Moderate Buy."

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 12,500 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $87.29, for a total transaction of $1,091,125.00. Following the completion of the sale, the executive owned 418,552 shares in the company, valued at $36,535,404.08. This represents a 2.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rubrik Stock Up 5.7%

Shares of RBRK traded up $5.02 during trading hours on Monday, reaching $92.67. 2,417,451 shares of the company traded hands, compared to its average volume of 3,060,462. The company's fifty day moving average price is $89.95 and its two-hundred day moving average price is $76.52. The company has a market capitalization of $17.93 billion, a price-to-earnings ratio of -32.75 and a beta of 0.45. Rubrik, Inc. has a 12 month low of $28.60 and a 12 month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. The company's revenue for the quarter was up 48.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.58) EPS. On average, analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Investors Weigh In On Rubrik

A number of large investors have recently modified their holdings of RBRK. ST Germain D J Co. Inc. bought a new stake in shares of Rubrik during the 2nd quarter valued at about $27,000. Russell Investments Group Ltd. bought a new stake in shares of Rubrik during the 4th quarter valued at about $28,000. Beacon Capital Management LLC bought a new stake in Rubrik during the second quarter worth about $29,000. PNC Financial Services Group Inc. bought a new stake in Rubrik during the first quarter worth about $30,000. Finally, Summit Securities Group LLC bought a new stake in Rubrik during the first quarter worth about $31,000. Institutional investors own 49.54% of the company's stock.

Analyst Ratings Changes

RBRK has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on shares of Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Piper Sandler cut their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. CIBC increased their target price on shares of Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a research note on Monday, June 9th. Wells Fargo & Company raised their price objective on shares of Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Finally, Rosenblatt Securities lifted their target price on shares of Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $100.38.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.

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